Market outlook for 08/08/2014

Nifty closed down 22.80 points (0.30%) at 7649.25 while Future closed at 7669.65, premium of 20.40 points.
Bank Nifty closed down 21.80 points (0.15%) at 14986.85 while Future closed at 15066.50, premium of 79.65 points.

• FII sold in Cash (Net sell 73.07 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 264.70 Crore)
• DII bought in Cash (Net buy 228.99 Crore)
• Most Active Nifty Call Option: 7700 and 7800.
• Most Active Nifty Put Options: 7700 and 7600.
• Advance Decline for the day was 557:969.
• McClellan's oscillator for NSE at -31.

NIFTY TECHNICAL

Current Spot: 7649.25
Pivot: 7663
5DEMA: 7683
10DEMA: 7695
20DEMA: 7679
50DEMA: 7546
RSI (14 days): 50.00
Parabolic SAR: 7822
Supports: 7617 - 7584 - 7538
Resistance: 7695 - 7741 - 7774

Nifty Future VIX Range: 7613 - 7745
Nifty Future VWAP: 7692.12
MP Values Nifty Future: VAH - 7711, POC - 7678, VAL - 7651

TARGET NIFTY
Buy Nifty Future above 7692 - 7715 - 7740 - 7780 SL - 7669
Sell Nifty Future below 7651 - 7630 - 7600 - 7565 SL - 7679

BANKNIFTY TECHNICAL

Current Spot: 14986.85
Pivot: 15026
5DEMA: 15117
10DEMA: 15182
20DEMA: 15198
50DEMA: 15008
RSI (14 days): 45.43
Parabolic SAR: 15613
Supports: 14917 - 14848 - 14739
Resistance: 15096 - 15205 - 15274

Bank Nifty Future VIX Range: 14891 - 15259
Bank Nifty Future VWAP: 15111.56
MP Values Bank Nifty Future: VAH - 15143, POC - 15090, VAL - 15037

TARGET BANKNIFTY
Buy BankNifty Future above 15112 - 15200 - 15310 - 15420 SL - 15035
Sell BankNifty Future below 15030 - 14940 - 14830 - 14700 SL - 15090

INTRADAY TRADE
Adanient: Buy above 465 for targets of 469, 477 SL 459
Ambujacem: Buy above 211 for targets of 213, 216 SL 209

SCORE SHEET
AsianPaint: Buy above 645 for targets of 651, 662 SL 638: Call not Active
Adanient: Buy above 457 for targets of 461, 470 SL 451: Target 467.75 done

POSITIONAL TRADE
Bhel: Buy above 232 for target of 240 SL 229 (2-3 Days)
Indiacem: Buy above 108 for target of 117 SL 102 (1 Week)

Thanks and Regards

MarketPulse S&P